The Overseas Investment Office has approved the deal for two European pension funds to buy a majority stake in an Otago Forestry company, but the value of the deal will be kept secret.
New Zealand could face a shortage of export logs within the next decade, caused by insufficient planting activity after the 1990s forestry boom, a new report says.
A Queenstown-founded tourism company which made nearly 1850 staff redundant in February last year, due to Covid-19, has bounced back after the turmoil.